BusinessInsider reports that despite weakening economic growth and industrial production in recent months, Germany continues to look much better than the rest of Europe on the surface.
It boasts a very low unemployment rate (although über-low-wage work has grown tremendously) and relatively small public deficits.
However, none of that is stopping Merkel and her administration from betting their re-election on the fact that they can implement significant austerity in the next 2 years, while also containing the Euro crisis, and "lead by example".
Read more: http://www.businessinsider.com/merkel-is-leading-germany-into-the-austerity-abyss-2012-2
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